Applicability of Small Shareholders' Director rules: companies meeting paid-up capital and small shareholder thresholds must apply these rules. Rule 3 prescribes that the Companies (Appointment of the Small Shareholders' Director) Rules, 2001 apply to public companies that meet two cumulative ... Summary
Applicability of Small Shareholders' Director rules: companies meeting paid-up capital and small shareholder thresholds must apply these rules.
Rule 3 prescribes that the Companies (Appointment of the Small Shareholders' Director) Rules, 2001 apply to public companies that meet two cumulative eligibility thresholds: a specified paid-up capital requirement and a specified minimum number of small shareholders, thereby triggering the statutory regime for appointment of a director to represent small shareholders.
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